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Forums > Living in Kunming > Buying Property In Kunming

@tonyaod
"There are some small consequences to consider when you put a lower sales amount. If the hold the property for 5 years or more before you sell, then it doesn't matter too much, however..."
All you need to do is sell and provide a lower sales amount on the documents.

It is not unusual here for the seller to want an net figure from the sale. As such the buyer often picks up the tax. Another reason for giving a smaller figure on the docs.
Although this is tax evasion, it is normal practice here in Kunming.

@laotou
"1. Individual purchases - Individuals may purchase multiple properties in different cities or areas. As most police databases are not linked - this is a legal blindspot - buyer beware"

As far as I am aware there has been a national land/property register in China for several years. That is why I cannot buy more property.

There is also a new regulation in Kunming, it may be rolling out from BJ, a household cannot purchase a third property any more (even for cash).
In addition, a person cannot get a mortgage in Kunming unless they have paid tax in Kunming for one year. These will cause problems for those who relocate from another city.
Firstly, from what I am told (and if I am wrong, please tell me) if you have 3 properties you will have to sell two in order to buy your new (2nd) property in Kunming.
Secondly, if you have a mortgage in another city, and you sell up, you will still need a new mortgage in Kunming, after you have paid your tax for a year.

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Comments

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Great article.
The place is well worth a visit.

I had the pleasure of visiting last year. The old town is a bit like Dali without the tourists. Food and service are also good in hotels and restaurants, perhaps service ethic influenced by the old confucian culture. We didn't get price gouged either.
The area is also famous for its pottery. Some of it is really nice.
Tuanshan is great and well worth the money. Compared to other Yunnan sites (150+) it is good value too. Tuanshan is largely intact and un-modernised. You can actually see original painted beams with gold leaf, those that are in the shade are still very colorful.

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The posh new stations have different gates, but these bullet trains stop at many stations on route, that are not super modern. The trains then stop at regular ungated platforms, however the train stops on a mark, and the passengers are pre-lined up at the appropriate marks on the platforms.

I am glad for the delay. That should mean more time spent constructing the tracks to the standards required, and not just a rush to finish the line asap, with possible associated construction quality issues.

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Actually, if you go the the 3.5 website they have some nice recipes there. It is in Italian, but Google chrome translates it.
I will give the recipe a go. It can't be worse than some of the stuff I have been told to eat.

Reviews

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A reasonable choice of lumber that has improved over time. Fancy hardwoods like walnut, and mahogany are in abundance. There are some plywood and rubber-wood boards available. There are also some kiln dried imported softwoods and merbao available. Some of the lumber is very green, so look for the kiln dried if you need stable timbers.

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Echo everything said by others.
Breakfast great and the serve from 8am. Most other places say 9am and they still are not ready.
Sandwiches are cheap 22-32, and really packed full of filling. We got some sandwiches for a day out, the only mistake I made was ordering two, as this was too much. These are seriously good sangars, and they are wrapped in alu foil.

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In fairness to Metro, they are a wholesalers, and not really a supermarket. Hence the need for a card, which can be got around.

They have improved in the year I have been away. They now carry a more consistent range of imported foodstuffs and they also seem to have sorted out the mported milk supply.

They have a wider range of electrical appliances now, there is a coice of more than one toast. There is also a better range of seasonal non foods, like clothes, shoes, garden furniture and camping gear.